Royal London Asset Management Ltd. Buys 1,187 Shares of Campbell Soup (NASDAQ:CPB)

Royal London Asset Management Ltd. boosted its stake in shares of Campbell Soup (NASDAQ:CPB) by 0.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,527 shares of the company’s stock after purchasing an additional 1,187 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Campbell Soup were worth $5,944,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Empirical Finance LLC boosted its position in Campbell Soup by 3.6% during the first quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock worth $307,000 after purchasing an additional 239 shares during the period. North Star Investment Management Corp. boosted its position in shares of Campbell Soup by 2.1% in the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock valued at $549,000 after acquiring an additional 260 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Campbell Soup by 4.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock valued at $303,000 after acquiring an additional 286 shares during the period. Yousif Capital Management LLC boosted its position in shares of Campbell Soup by 1.1% in the first quarter. Yousif Capital Management LLC now owns 29,468 shares of the company’s stock valued at $1,310,000 after acquiring an additional 327 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its position in shares of Campbell Soup by 3.3% in the first quarter. First Trust Direct Indexing L.P. now owns 10,136 shares of the company’s stock valued at $451,000 after acquiring an additional 328 shares during the period. Institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CPB shares. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. TD Cowen increased their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday. Barclays upped their target price on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday. StockNews.com lowered Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.92.

Campbell Soup Stock Performance

Campbell Soup stock opened at $51.09 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24. The stock has a fifty day moving average price of $48.48 and a two-hundred day moving average price of $45.69. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $52.81. The firm has a market capitalization of $15.25 billion, a P/E ratio of 20.68, a P/E/G ratio of 3.09 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts anticipate that Campbell Soup will post 3.18 EPS for the current fiscal year.

Campbell Soup Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.